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China home prices

Shenzhen on Tuesday announced tax breaks on large homes to spur sales. Photo: Getty Images
China property

Shenzhen joins Beijing and Shanghai in offering tax breaks to boost home sales

Homeowners will not have to pay value-added tax when reselling their property after two years.

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China property

Amid property crisis, China must shift from ‘availability’ to ‘quality’: premier

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SCMP Highlights

Recap | Signs of China’s housing market stabilising, new tax breaks: 5 China property stories

China property

China’s new home prices slow 17-month decline after support measures kick in

Prices across 70 cities fell for the 17th month in October, but at a slower pace, suggesting support measures may be stabilising the market.

A man rides a bicycle past residential buildings under construction in Huizhou, Guangdong province, on October 10, 2024. Photo: Reuters
China property

China unveils new tax breaks to boost home sales, free up household cash

‘Pretty sizeable’ reductions would ease burdens on buyers and sellers, accelerating listings and sales, analyst says.

China property

China’s embattled property developers see sales surge in October

A release of pent-up demand driven by rate cuts has given developers a much-needed sales boost.

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China property

China’s developers borrow more to satiate their thirst for funding

Bond financing in the property sector rose for the second month in October, rising 3.2 per cent from last year to 29 billion yuan, according to the China Index Academy.

A general view of a residential housing complex under construction in Huaian in eastern China’s Jiangsu province on October 17, 2024. Photo: AFP
China property

Beijing puts no price cap on land sale, signalling property-market shift

For the first time since 2021, market forces will decide the worth of a plot, as well as the prices of homes built on the site.

China property

China declares worst is over for housing market. Others see more misery

While China’s September stimulus blitz has restored US$4 trillion of value to stock markets, the wealth effect in the property sector is less obvious and immediate.

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China property

China’s top 100 developers post better home sales, other signals still weak

Sales by the nation’s top 100 developers rose in October, the first month of year-on-year increase in 2024.

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An aerial view of a housing complex under construction in Huaian, in eastern Jiangsu province on October 17, 2024. Photo: AFP
China property

China’s property market improving as deals surge in top cities

Shanghai, Beijing and Shenzhen are on the way to recording multi-month highs in property transactions.

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Residential buildings in Shangai’s Jingan district. Property transactions in China’s biggest city have risen this month. Photo: AFP
China property

China property: Sunac’s Shanghai luxury flats sell out in 3 hours

All 158 units in the project in Dongjiadu, Huangpu district, were sold, fetching the developer US$825.8 million.

China property

China’s home prices see biggest drop since 2015 despite efforts to revive market

New home prices in September fell 6.1 per cent year on year in 70 mainland cities, widening from a 5.7 per cent slump in August.

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China property

China property: stabilisation effort gains pace in Hangzhou, Chengdu

Zhejiang province’s capital lifts price restrictions for homes built on newly acquired land and cuts initial payments for new and used homes.

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Hangzhou, a major city, eastern China, has withdrawn price restrictions for homes built on newly acquired land in the metropolis. Photo: Shutterstock
China economy

The View | China should make its economy work for its youth

As China’s Gen Z opt for more experience-based consumer choices, policymakers must step in to help them support the traditional economy too.

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Holidaymakers take selfies at Tiantan Park in Beijing on National Day on October 1. Photo: Xinhua
China's economic recovery

Shanghai sees instant rebound in housing market after stimulus, loosened curbs

Shanghai’s revival may be a bellwether for other top-tier cities, but the same may not apply to places further afield, sales agents say.

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China property

Shanghai, Shenzhen luxury home sales soar after historic stimulus package

Wealthy buyers snap up homes in prime locations amid renewed optimism driven by relaxed purchase restrictions and lower mortgage rates.

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China property

Shanghai, tier-1 cities remove more curbs in major boost to property market

Guangzhou is setting the tone for policy deregulation across the country, says Yan Yuejin of E-house China Research and Development Institute.

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China’s property market is taking a bullish turn, thanks to Beijing’s stimulus and easier rules by local authorities. Photo: Xiaomei Chen
China property

China’s bazooka offers no quick fix for housing market amid broken confidence

Fitch analyst sees more support measures next quarter to ensure Beijing’s latest stimulus bazooka achieves its aims.

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Banking & finance

Banks may become collateral damage of China’s policy bazooka

Banks’ net interest margins may be reduced by a fifth of a percentage point, according to an estimate by S&P Global Ratings.

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China property

Can China’s mortgage rate cuts revive its faltering property market?

Worried about job cuts and a lack of high-yield investment options, homeowners are rushing to repay home loans and mortgages in advance.

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Residential buildings in Shanghai, China. Photo: Bloomberg
China property

China’s ultra-rich are snatching up luxury homes for a rainy day

Wealthy homebuyers see opportunity for flats that cost more than US$14,000 per square metre in prime downtown areas after recent market correction.

Shanghai’s Xujiahui Commercial and shopping district pictured on September 5, 2020. Photo: Shutterstock
China economy

Opinion | To restore consumer confidence, China must save the property sector

Instead of squandering billions buying unsold properties, Beijing should learn from the US response to the global financial crisis.

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China property

Chinese developers, cities tempt homebuyers with creative perks

‘Developers cannot cut sales prices freely, so they offer more valuable incentives which serve as de facto discounts,’ an analyst says.

China's economic recovery

China to ‘vigorously’ expand finished-home sales in property-sector overhaul

A successful trial in Zhengzhou will be expanded nationwide to give developers and projects ample funding, and to compensate homebuyers if developers go under.

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Beijing’s emphasis on selling finished homes is a rectification of the once-rampant practice of Chinese developers launching home sales before units were built. Photo: Bloomberg
China property

Luxury properties defy China’s slumping home sales as big-city buyers splash out

Sales of homes above 30 million yuan (US$4.2 million ) in Shanghai hit a 10-year high in the first half of the year, according to CRIC data.

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One Sino Park, developed by Sunac China Holdings, is located in Huangpu district in Shanghai. Photo: Handout
China manufacturing

Don’t be ‘smug’, Chinese state media warns after Foxconn’s billion-yuan HQ plans

Apple’s manufacturer in China bucked a trend of declining investment with its big plans for Henan province, but a ‘complicated’ environment is seen reflecting how slower growth will be ‘the new trend’.

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China property

Is China’s property slump easing, as bailout shows ‘some effect’?

‘Marginal improvement’ shows government policy support is having ‘some effect’, researcher says.

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China home prices
The latest news, analysis and opinion on China home prices. In-depth analysis, industry insights and expert opinion.
last updated:
9 September, 2024
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